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Benchmark Metals Inc. 
Listed Company 

BENCHMARK METALS INC. ("BNCH")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: September 30, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Brokered Private Placement announced August 18, 2020 and August 19, 2020:

Number of Shares: 2,000,000 shares
1,161,128 Flow-Through "A" shares

Purchase Price: $1.30 per share
$1.56 per Flow-Through "A" share

Warrants: 1,580,564 share purchase warrants to purchase 1,580,564 shares

Warrant Exercise Price: $1.80 for a two-year period

Number of Placees: 2 Placees

Agent's Fee: Sprott Capital Partners - $185,277.11and 132,767 Compensation Warrants that are exercisable into common shares at $1.30 per share for a two-year period.

Clarus Securities Inc. - $52,936.31and 37,933 Compensation Warrants that are exercisable into common shares at $1.30 per share for a two-year period.

PI Financial Corp. - $26,468.16 and 18,967 Compensation Warrants that are exercisable into common shares at $1.30 per share for a two-year period.

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated September 25, 2020 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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